Advisory Services Network LLC Has $245,000 Position in Aqua America, Inc. (WTR)

Advisory Services Network LLC raised its stake in shares of Aqua America, Inc. (NYSE:WTR) by 0.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,356 shares of the utilities provider’s stock after purchasing an additional 1 shares during the period. Advisory Services Network LLC’s holdings in Aqua America were worth $245,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Investment Centers of America Inc. raised its position in shares of Aqua America by 0.4% in the 2nd quarter. Investment Centers of America Inc. now owns 7,009 shares of the utilities provider’s stock worth $233,000 after acquiring an additional 27 shares in the last quarter. CAPROCK Group Inc. raised its position in shares of Aqua America by 0.4% in the 2nd quarter. CAPROCK Group Inc. now owns 7,752 shares of the utilities provider’s stock worth $258,000 after acquiring an additional 30 shares in the last quarter. CENTRAL TRUST Co raised its position in shares of Aqua America by 0.7% in the 2nd quarter. CENTRAL TRUST Co now owns 10,124 shares of the utilities provider’s stock worth $337,000 after acquiring an additional 71 shares in the last quarter. NEXT Financial Group Inc raised its position in shares of Aqua America by 2.3% in the 2nd quarter. NEXT Financial Group Inc now owns 6,489 shares of the utilities provider’s stock worth $216,000 after acquiring an additional 144 shares in the last quarter. Finally, Clear Harbor Asset Management LLC raised its position in shares of Aqua America by 0.6% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 26,618 shares of the utilities provider’s stock worth $871,000 after acquiring an additional 150 shares in the last quarter. 50.96% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on WTR shares. Zacks Investment Research raised Aqua America from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Tuesday, October 3rd. BidaskClub raised Aqua America from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Robert W. Baird reissued a “hold” rating and issued a $32.00 price objective on shares of Aqua America in a research report on Sunday, October 1st. Wells Fargo & Company raised Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 price objective for the company in a research report on Thursday. Finally, Boenning Scattergood reissued an “outperform” rating on shares of Aqua America in a research report on Tuesday, September 5th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Aqua America presently has a consensus rating of “Buy” and an average price target of $37.00.

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Aqua America, Inc. (NYSE WTR) opened at 36.02 on Monday. Aqua America, Inc. has a 52-week low of $28.03 and a 52-week high of $36.27. The company has a market capitalization of $6.40 billion, a price-to-earnings ratio of 27.50 and a beta of 0.54. The stock has a 50 day moving average price of $34.16 and a 200 day moving average price of $33.32.

Aqua America (NYSE:WTR) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. The firm had revenue of $203.40 million during the quarter, compared to the consensus estimate of $208.28 million. Aqua America had a net margin of 28.59% and a return on equity of 12.51%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 earnings per share. Equities research analysts forecast that Aqua America, Inc. will post $1.36 earnings per share for the current year.

In other news, insider Robert A. Rubin sold 12,499 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $34.46, for a total transaction of $430,715.54. Following the completion of the transaction, the insider now directly owns 80,604 shares of the company’s stock, valued at $2,777,613.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

About Aqua America

Aqua America, Inc is a holding company. The Company is engaged in providing water or wastewater services concentrated in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana and Virginia. The Company is the holding company for its primary subsidiary, Aqua Pennsylvania, Inc Its market-based activities are conducted through Aqua Resources, Inc (Aqua Resources) and Aqua Infrastructure, LLC (Aqua Infrastructure).

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Institutional Ownership by Quarter for Aqua America (NYSE:WTR)

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